This webpage has been created to keep members and affiliates up to date. We have also included links from the Oklahoma Association of REALTORS® as well as the National Association of REALTORS®.
Effective immediately, Corelogic is increasing our photo limit from 36 to 50.
All staff are working remotely, which has enabled us to continue the association and MLS operations. We have also sent letters to all surrounding municipalities requesting real estate to be deemed essential business (Click to View Sample of Letter) in the event the decision is left up to local municipalities. The letter to The Honorable G.T. Bynum is included as a sample.
Our support staff is currently working on setting up Zoom Rooms so we will have the ability to offer classes on-line for both CE and non-CE classes. We will also provide recorded instructional videos to our members that do not have the ability to be live with classes. OREC has approved and will allow for this type of education from course providers during this time.
Our staff liaisons will continue to communicate with committee chairpersons and when the need arises, they will also have the ability to create a virtual meeting to ensure all business is addressed and handled as needed.
NAR Wins Major Provisions for REALTORS®
The U.S. Senate passed a $2 trillion COVID-19 economic relief package Wednesday night with overwhelming bipartisan support.
The bill now goes to the U.S. House, where it is expected to pass, and President Trump has said he will sign it into law.
The measure includes $350 billion for the Small Business Administration 7(a) loan program. Under the terms, eligible businesses (500 employees or fewer) can get up to $10 million toward mortgage interest, rents, utilities, and payroll costs. A portion of these loans will be forgivable.
“We worked with the drafters of this legislation to ensure that independent contractors and those living on a commission-based income will be eligible for the loans as well as the forgiveness provision,” said Shannon McGahn, senior vice president of government affairs for NAR.
The self-employed and independent contractors are also included in a dramatic expansion of unemployment insurance that could provide benefits for up to 39 weeks. These workers are not usually covered under traditional state unemployment benefit programs.
In addition, the bill contains:
A delay in payment of employer payroll taxes, with half due by the end of 2021 and the other half due by the end of 2022;
$500 billion to support large businesses like airlines affected by the virus
A one-time payment of $1,200 to most adult Americans and $500 per child
“This is the largest financial rescue package in our nation’s history,” McGahn continued. “Combined with two other relief packages that have already been signed into law and a likely fourth bill in the near future, this action represents a seismic and definitive action to help Americans and the economy through this national emergency.”
“We have worked closely with Congressional leaders and the administration during the past several weeks to ensure all three bills bring relief to the self-employed, independent contractors, and small businesses,” McGahn said. “The real estate industry is responsible for millions of jobs and is key to our national recovery.”
NAR will provide a complete analysis of the bill and how it affects REALTORS®. Watch for regular updates on nar.realtor.
Stay up to date with these resource links to OAR, NAR and ORECNAR/Realtor/Corona Virus
OK Realtors/Corona Virus
City of Tulsa Corona Virus Resource CenterCOVID-19 Oklahoma Commerce
Centers for Disease Control and Prevention